Louise Haigh MP for Sheffield Heeley has welcomed the Government’s announcement to protect leaseholders.
The Government has announced that it will make commonhold the default form of ownership for new flats, strengthen rights for existing leaseholders, and cap exploitative ground rents. This represents a major step towards delivering fairness and control for millions of homeowners who have long felt trapped by an outdated system.
The reforms follow years of complaints from leaseholders who have struggled with escalating charges, limited rights to manage their buildings, and the fear of losing their homes over small arrears. The government’s approach includes making it easier for leaseholders to convert existing buildings to commonhold, strengthening transparency around charges, and giving homeowners greater influence over property management.
Louise Haigh MP said:
“I’m pleased to see the government has taken this step to support leaseholders and to tackle the unfairness at the heart of our housing market. This change to leasehold reform is more than just numbers on a lease. It’s about security, dignity and fairness in homeownership.
“Capping ground rent at £250 will make a big difference to the cost of living in Sheffield as ww have so many homes that are leasehold. This is exactly what a Labour Government should do – standing up for leaseholders against exploitative bills and practices.”